One of the issues that came up at this week’s COCCO event was GDPR, Global Data Protection Regulation, and its impact on business. The ruling, which comes from the EU, will affect everyone who holds data and the penalties for getting it wrong are stringent.
The worrying thing is that every virtually day we receive another alert at Intelligent Sourcing Towers telling us that businesses simply aren’t ready.
So it’s fortunate that a number of organisations are starting to offer help. The latest is outsourcing giant HCL, which sees advantages to compliance beyond not being fined. “Enabling GDPR compliance is not just about managing regulatory requirements but can also be a source of competitive advantage, said Maninder Singh, Corporate Vice President and Head – Cyber Security & GRC, HCL Technologies. “HCL’s industry leading solutions, IT expertise and extensive European experience working with global corporations makes the company an ideal partner in this space.”
HCL’s privacy framework and technology solutions are aimed at helping organizations to be prepared for the new obligations and requirements that the regulation will bring. With this regulation, the EU aims to give its citizens more control over how their personal data is used as well as provide businesses with a clearer legal structure with which to operate by standardising across the EU. HCL’s new service proposition focuses on assisting the customers in following three core areas:-
- Assist clients in conducting the Privacy Impact Assessment (PIA) with respect to GDPR requirements and provide the organizations with the information for their crafting the compliance plan and approach.
- In conjunction with the client’s legal & privacy compliance group, identify gaps post privacy assessment and prioritize & assist in implementing process & technology measures that organizations must consider arising from GDPR to address technology controls & compliance requirements.
- Monitor and operate compliance status through technology solutions and systems.
The EU General Data Protection Regulation (GDPR) aims to protect all EU citizens from privacy and data breaches in an increasingly data-driven world. The solutions involve monitoring and operation of compliance includes system operation and privacy data surveillance, enabling detection and response without delay when data infringement occurs. It will affect countries trading with the EU so Brexit is unlikely to get the UK off the hook.